Applied Optoelectronics, Inc. (NASDAQ:AAOI) Receives $29.20 Average PT from Brokerages

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $29.20.

A number of brokerages recently commented on AAOI. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a report on Friday, January 3rd. Raymond James raised their target price on shares of Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Northland Securities reaffirmed an “outperform” rating and set a $40.00 target price (up previously from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. Rosenblatt Securities raised their price objective on shares of Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, B. Riley cut Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price objective on the stock. in a research report on Tuesday, December 10th.

Applied Optoelectronics Trading Up 0.5 %

AAOI opened at $31.03 on Thursday. Applied Optoelectronics has a one year low of $6.70 and a one year high of $44.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The business has a 50 day simple moving average of $34.59 and a two-hundred day simple moving average of $20.45. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -15.06 and a beta of 2.39.

Insider Buying and Selling

In related news, insider Hung-Lun (Fred) Chang sold 20,323 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $30.35, for a total transaction of $616,803.05. Following the completion of the transaction, the insider now owns 195,572 shares of the company’s stock, valued at $5,935,610.20. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David C. Kuo sold 10,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $26.93, for a total value of $269,300.00. Following the completion of the sale, the insider now directly owns 118,122 shares in the company, valued at $3,181,025.46. This trade represents a 7.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,769 shares of company stock valued at $3,432,417 over the last quarter. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of Applied Optoelectronics

Several institutional investors have recently bought and sold shares of AAOI. The Manufacturers Life Insurance Company lifted its stake in shares of Applied Optoelectronics by 3.4% in the third quarter. The Manufacturers Life Insurance Company now owns 14,667 shares of the semiconductor company’s stock worth $210,000 after buying an additional 483 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Applied Optoelectronics by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 108,814 shares of the semiconductor company’s stock worth $1,557,000 after acquiring an additional 3,081 shares during the last quarter. Truvestments Capital LLC lifted its position in Applied Optoelectronics by 24.3% in the 3rd quarter. Truvestments Capital LLC now owns 15,862 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 3,097 shares in the last quarter. Pingora Partners LLC purchased a new stake in Applied Optoelectronics during the 3rd quarter valued at $82,000. Finally, FMR LLC increased its holdings in shares of Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 5,956 shares in the last quarter. 61.72% of the stock is owned by hedge funds and other institutional investors.

Applied Optoelectronics Company Profile

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.